Member Info for formerlyeasyp

Yes, but how deep does a mine have to be to reach this zone? Open pit mines have lower operating costs. A deep mine maybe 1200 feet down requires a shaft, winding gear and constant pumping to keep the water out.

Thanks for posting an interesting and relevant story which might nudge up the value of this potential mine.

I am very keen to see all the mining permits and permissions in place. Once those are sorted out UFO should multibag bigly.

A very fair point.....no news today, some last week, sp possibly a bit frothy.

Personally, quietly optimistic about the future for SOLG.

It is liable to bounce for no other reason than this....

It is a very small company with relatively illiquid shares held mostly by the management so when good news arrives even modest amounts of buying can give the market makers a headache. It is also the case that their technology is very good and needed as dozens of North Sea well heads are being plugged and abandoned.

Impressed enough to place a modest purchase via a fill or kill with HL at 0730 today.

Like so many other small exploration miners there will be bumps along the way, not least of which are financing and permits!. But the geology has tempted me in and Saudi Arabia is keen to diversify away from the energy sector so hopefully the Kingdom will smile on this project.

Pleased to see assumed prices for all three metals. Cascabel could one day be a very rich mine.

More good news to come in 2024 imo.

Good news for POS but bad news for the UK plc.

Thanks to Net Zero idiocy and a 75% tax on profits oil and gas companies are plugging North Sea fields and walking away.

UBS buys a small stake, Zzzzzzz.

We need news of metal being poured.

Could be worse imo.

Holding & hoping.

is it me or have others notcied that this site has not been publishing rns for the past two days? is this another lse **** up or have they dropped this feature for non premium members?

No, not yet but some hope in the FT News today:

"Biotech companies are rushing to raise money in US equity markets at the fastest rate since the peak of the mid-pandemic market boom.

Drug developers raised $6.2bn in equity capital markets in January, according to data from Jefferies. That marked the largest total since February 2021, the same month that the most popular tracker of biotech stocks hit its all-time high.

The funding surge marks a sharp turnaround after a two-year deal drought that forced many companies to cut jobs and shelve projects to save costs, and forced some out of business."

"Biotech companies are rushing to raise money in US equity markets at the fastest rate since the peak of the mid-pandemic market boom.

Drug developers raised $6.2bn in equity capital markets in January, according to data from Jefferies. That marked the largest total since February 2021, the same month that the most popular tracker of biotech stocks hit its all-time high.

The funding surge marks a sharp turnaround after a two-year deal drought that forced many companies to cut jobs and shelve projects to save costs, and forced some out of business."

The fact that your emails go unanswered re Balcombe demonstrates what a sheet whole company this is! All very frustrating as it could have been so much better imo. Hard to be optimistic about ANGS as I fear the small investors will get screwed over by the next re financing deal. Someone will make money from the company but not small investors, it reminds me of HUR.

Another decent contract win could see it jump 20%.

But....how far away is it?

Good question Ipad.....Pitfield Copper is why I am a LTH.

Not going to do anything today.

Hopefully by next week a clearer picture will emerge.

Not necessarily a better picture merely clearer!

One of the reasons why I rarely just buy and hold a small cap share like EEE is because so many of them wildly change value with news.

A larger company which pays dividends is more likely to be a LTH although even those are subject to Black Swan events.

Right now I am trying to work out if EEE dropped far enough to be worth buying more? The known knowns are things like the drilling and testing campaigns. The unknowns include whether the management are already negotiating Joint Ventures (JV) or offtake deals?

Every dog has it's day....

ANGS....maybe?

Yes, the financial management has been really bad and no I am not going to average down.

But neither is the situation irrecoverable.

This is a wait and see moment imo.